Prakash Ceramics Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

1. METHOD OF ACCOUNTING: Accounts of the company are maintained on the basis of Mercantile System of accounting, Accounting method not referred otherwise are in consistent with the generally accepted accounting practices.

2. FIXED ASSETS: Fixed Assets are stated at cost less depreciation, Fixed assets purchased during the year are capitalized at cost inclusive of expense up to their completion or acquisition.

3. INVESTMENT: Investment are valued at cost.

4. FOREIGN CURRENCY TRANSACTIONS: There is no foreign currency transaction

5. RETIREMENT BENEFITS: Provident fund and employees state insurance scheme contribution is not applicable to the company.

6. RETIREMENT BENEFITS:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

METHOD OF ACCOUNTING

Accounts of the company are maintained on the basis of Mercantile System of accounting, Accounting method not referred otherwise are in consistent with the generally accepted accounting practices.

FIXED ASSETS :

Fixed Assets are stated at cost less depreciation, Fixed assets purchased during the year are capitalized at cost inclusive of expense up to their completion or acquisition.

INVESTMENT :

Investment are valued at cost.

METHOD OF ACCOUNTING

Accounts of the company are maintained on the basis of Mercantile System of accounting, Accounting method not referred otherwise are in consistent with the generally accepted accounting practices.

FIXED ASSETS :

Fixed Assets are stated at cost less depreciation, Fixed assets purchased during the year are capitalized at cost inclusive of expense up to their completion or acquisition.

INVESTMENT :

Investment are valued at cost.